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China Water Affairs Group ( (HK:0855) ) has provided an announcement.
China Water Affairs Group, through its subsidiaries, is involved in the water supply industry, focusing on water resources management and infrastructure development. The company announced an equity investment agreement with Taikang Asset, where Taikang will invest RMB1.5 billion in the Target Company, a subsidiary of China Water Affairs. This investment will result in a slight dilution of China Water Affairs’ equity interest in the Target Company, constituting a discloseable transaction under Hong Kong’s listing rules. The agreement includes a shareholders’ agreement outlining the management and operational rights and obligations, potentially impacting the company’s market positioning.
More about China Water Affairs Group
YTD Price Performance: 24.60%
Average Trading Volume: 550,417
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.24B
For an in-depth examination of 0855 stock, go to TipRanks’ Stock Analysis page.